40 Lake Ave. Somerset, NJ 08873

SeniorBuilt 1957 · Residential1 owner signal on a paid plan
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Assessed
$482,500
Last sale
—Jan 18, 2021
Built
1957
Size
1,683 sq ft
Owner
Sign in to seeOwner details on a paid plan
Status
No open cases

Property information

Block
351
Lot
12
Qualifier
—
County
Somerset
Municipality
Franklin Twp
Tax map page
6101
Land description
150X150

Building details

Building class
16
Description
1SF 2G
Dwellings
1
Zoning
R20
Square feet
1,683
Acreage
0.52 ac

Assessment

Land value
$322,600
67%
Improvement value
$159,900
33%
Total assessment
$482,500
Sale assessment
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Tax (2024)
$7,621

Owner mailing

Street address

Property information on this site is compiled from public sources and is provided as-is; we do not guarantee its accuracy.

8 events · 1956–2021

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  • Deed recorded

    +13150% vs 1956
    $265,000
    Held10 mo
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  • Notice of settlement recorded

    Instrument2008052539CountySomerset
    View document
  • 52 years

  • Property Built

  • Deed recorded

    $2,000

YearProperty taxChangeLandImprovementAssessment
2024$7,621+9.8%$322,600$159,900$482,500
2023$6,944+11.4%$322,600$109,400$432,000
2022$6,232+1.0%$231,400$109,400$340,800
2021$6,172+6.5%$181,400$109,400$290,800
2020$5,795+12.4%$171,400$109,400$280,800
2019$5,155-0.4%$151,400$109,400$260,800
2018$5,176-0.9%$121,400$109,400$230,800
2017$5,222+2.7%$121,400$109,400$230,800
2016$5,084+1.6%$121,400$109,400$230,800
2015$5,005+1.5%$121,400$105,100$226,500
2014$4,932+3.5%$121,400$105,100$226,500
2013$4,765+4.5%$121,400$105,100$226,500
2012$4,561+5.1%$121,400$105,100$226,500
2011$4,341-6.2%$121,400$105,100$226,500
2010$4,629-10.3%$121,400$105,100$226,500
2009$5,160+2.4%$141,400$105,100$246,500
2008$5,037+1.6%$151,700$109,700$261,400
2007$4,959+20.0%$151,700$109,700$261,400
2006$4,131+4.8%$151,700$109,700$261,400
2005$3,940+6.3%$116,700$101,900$218,600
2004$3,706+6.1%$106,700$88,900$195,600
2003$3,494+2.0%$76,700$97,100$173,800
2002$3,424+4.3%$69,700$93,300$163,000
2001$3,282-0.1%$64,700$85,700$150,400
2000$3,287+11.6%$64,700$74,300$139,000
1999$2,945+15.3%$59,700$71,400$131,100
1998$2,553-2.8%$57,700$68,600$126,300
1997$2,625+1.7%$47,700$68,600$116,300
1996$2,582+9.1%$47,700$75,700$123,400
1995$2,367+6.5%$50,400$75,700$126,100
1994$2,2240.0%$50,400$75,700$126,100
1993$2,2240.0%$23,600$37,100$60,700
1992$2,2240.0%$23,600$37,100$60,700
1991$2,224+7.8%$23,600$37,100$60,700
1990$2,062+6.3%$23,600$37,100$60,700
1989$1,940—$23,600$37,100$60,700

All 25 lots on Block 351